Introducing - Spellcaster: The Fall of Sam Bankman-Fried
Odd Lots
May 12, 2023
Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world’s richest 29-year-old, he pledged to donate his billions to good causes. But then his crypto exchange FTX collapsed Billions of dollars were missing, and Sam was in handcuffs.
Speakers Hannah Miller
TopicsInvestingBusinessNewsNews Commentary
Hannah Miller (0:07)
Meet Sam. Sam is 30 years old.
SPEAKER_2 (0:10)
He typically wore T-shirts and shorts and sandals.
Hannah Miller (0:15)
He likes to play computer games.
SPEAKER_3 (0:17)
He is commanding this army of fairies and elves in this online game.
Hannah Miller (0:24)
He talks a lot about doing good and helping people.
SPEAKER_3 (0:27)
There really was this idea that he was gonna change the world.
Hannah Miller (0:31)
Sam may not act the part, but he's a billionaire. Save for Mark Zuckerberg, no one in history has ever gotten so rich so young.
But on December 12th, 2022, everything changes for Sam. And what he calls a screw up? The US government caused one of the largest frauds in history. They had lost a very significant amount of money. Lots of people were hurt badly. Which left everyone wondering, who is Sam Bankman-Fried?
From Bloomberg and Wondery, the makers of The Shrink Next Door, comes a new series, Spellcaster, The Fall of Sam Bankman-Fried, a story of incredible wealth.
SPEAKER_3 (1:15)
There was a sense of awe when he walked in. It was like a celebrity.
Hannah Miller (1:19)
Betrayal. He would flip a switch with regards to a given person.
SPEAKER_3 (1:24)
He would delete them from his reality.
Hannah Miller (1:26)
And what happens when that talk of doing good goes really, really bad.
SPEAKER_4 (1:33)
It was basically just everyone racing out the door of the burning building for the same exit, right? You realize that it was just a big smoking crater of a company. So that's when I started saying, don't trust Sam Bankman-Fried.
Hannah Miller (1:46)
I'm Hannah Miller, a reporter for Bloomberg.
Follow Spellcaster, The Fall of Sam Bankman-Fried on Amazon Music or wherever you get your podcasts. You can start listening to Spellcaster early and ad free by subscribing to Wondery Plus and Apple podcasts or the Wondery app.
SPEAKER_2 (2:11)
I asked him what I should ask Sam and he was just like, that's where my money is.
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